Office Building on the Bayou: Hartman REIT Buys West Houston

Ashford on the Bayou

In Houston, Hartman Income REIT has purchased the Ashford on the Bayou, a 127,000-SF office building in West Houston.

HFF’s Dan Miller represented the seller, RPD Catalyst, a Los Angeles-based real estate investor.

The 5-story building, 1001 S Dairy Ashford, is located along Buffalo Bayou, just south of Memorial Drive. Recently renovated, the building is 55 percent leased.

HFF’s Susan Hill and Steve Heldenfels worked on behalf of the new owner to secure a five-year, fixed-rate purchase loan with RGA Reinsurance Company.

The building is situated on a heavily-wooded 2.5-acre site.